Mortgage rates remain near record lows for modern era
March 4, 2010 | 9:00 am
The typical rate that lenders were offering for 30-year home loans slipped below 5% again this week, the mortgage company Freddie Mac said in a survey released Thursday.
The survey asks lenders to report popular combinations of interest rates and points, the upfront [...]
Filed under: Industry and Economic News on March 5th, 2010 | No Comments »
Jonathan Lansner and Jeff Collins of the Orange County Register released a great blog on OC Real estate in January. You may view it here.
Filed under: Industry and Economic News on March 2nd, 2010 | No Comments »
Jumbo mortgage market is beginning to thaw
The meltdown sent interest rates soaring and availability shrinking, but rates are declining and lenders are more willing to make loans that top the limits for Freddie Mac, Fannie Mae and the FHA.
By E. Scott Reckard
Phil Kelly had 18 more months to go before the fixed rate on his [...]
Filed under: Industry and Economic News on February 24th, 2010 | No Comments »
Home prices show small gain in December
Prices increased 0.3% from November, according to the Standard & Poor’s/Case-Shiller index. It was the seventh straight month of gains, but the improvement continues to be weak.
By Alejandro Lazo
Home prices gained for the seventh consecutive month in December, with Los Angeles and other West Coast cities posting the biggest [...]
Filed under: Industry and Economic News on February 24th, 2010 | No Comments »
Southern California economic recovery is forecast
Modest growth is likely this year and next, but unemployment will remain high, according to the report from the Kyser Center for Economic Research.
Southern California is headed for a gradual economic recovery in 2010 and 2011, along with the rest of the state and the country, according to a forecast [...]
Filed under: Industry and Economic News on February 17th, 2010 | No Comments »
HOUSING
Southern California home prices rise 8.6%
But January’s year-over-year increase to $271,500 is a 6.1% drop from December. Total sales climb about 1% from a year earlier.
Home sale prices in Southern California showed fresh strength in January, bouncing 8.6% from the same month one year earlier — a period when the market was inundated with steeply [...]
Filed under: Industry and Economic News on February 17th, 2010 | No Comments »
Southern California housing market strengthens in December
In a typically sluggish month, the median sale price rises 4% over the same period a year earlier, and sales jump 12.1%. The pace of sales is the best since 2006, aided by tax credits that end soon.
January 20, 2010|By Alejandro Lazo
Rock-bottom interest rates and stronger sales in higher-priced [...]
Filed under: Industry and Economic News on January 25th, 2010 | No Comments »
California home prices inch up in December
January 21, 2010
California home prices ticked up 1.1% in December from the month prior, according to data released today, continuing a slow but steady trend of improvement for the Golden State’s housing market.
The median price paid for a home in December was $264,000, up from $261,000 in November, and [...]
Filed under: Industry and Economic News on January 22nd, 2010 | No Comments »
HOME OF THE WEEK
Classic design from a creator of L.A. landmarks
Octavius Weller Morgan’s touches adorn the El Capitan, Mayan and Wiltern theaters. The 1929 Spanish Colonial Revival house he built in Beverly Grove is a perfect example of Southern California style.
By Darrell Satzman
The man whose fanciful visions helped bring to life the exteriors of such [...]
Filed under: Industry and Economic News on December 6th, 2009 | No Comments »
In 1978, California voters passed Proposition 8, a constitutional amendment that allows a temporary reduction in assessed value when a property suffers a “decline-in-value.” A decline-in-value occurs when the current market value of your [...]
Filed under: Industry and Economic News on November 30th, 2009 | No Comments »
